Applied Industrial Technologies (AIT) Set to Announce Earnings on Wednesday
Applied Industrial Technologies (NYSE:AIT) will be posting its quarterly earnings results before the market opens on Wednesday, January 24th. Analysts expect Applied Industrial Technologies to post earnings of $0.71 per share for the quarter. Applied Industrial Technologies has set its FY18 guidance at $3.10-3.20 EPS.
Applied Industrial Technologies (NYSE:AIT) last issued its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.10. The firm had revenue of $680.70 million for the quarter, compared to analyst estimates of $668.18 million. Applied Industrial Technologies had a net margin of 5.29% and a return on equity of 16.25%. Applied Industrial Technologies’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 EPS. On average, analysts expect Applied Industrial Technologies to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Applied Industrial Technologies (NYSE:AIT) opened at $70.25 on Wednesday. The stock has a market cap of $2,724.83, a PE ratio of 19.73, a P/E/G ratio of 1.79 and a beta of 0.93. Applied Industrial Technologies has a fifty-two week low of $54.00 and a fifty-two week high of $71.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.13 and a quick ratio of 1.83.
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About Applied Industrial Technologies
Applied Industrial Technologies, Inc is an industrial distributor in North America, Australia and New Zealand, serving maintenance, repair and operations (MRO), and original equipment manufacturing customers in various industries. In addition, the Company provides engineering, design, and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber, and fluid power shop services.
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